LENDING ACTIVITY
Housing finance commitments for owner occupation (excluding refinancing) totalled $1,918m in 2006-07, an increase of $472m (33%) over 2005-06. The main driving force behind the increase from 2005-06 to 2006-07 was finance for the purpose of Purchase of established dwellings, which continued to be the largest component of finance commitments at $2,103m. Finance commitments for Construction, and for Purchase of new dwellings, also exhibited strong growth between the two years (22% and 21% respectively).
Refinancing commitments increased by $54m (13%) from $402m to $456m between 2005-06 and 2006-07. This followed similar growth ($49m or 14%) between 2004-05 and 2005-06. Relative to five years earlier, in 2001-02, refinancing commitments were 103% higher in 2006-07.
4.13 Housing finance for owner occupation, All lenders - ACT |
|
 | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06 | 2006-07 |
| Purpose of commitment | $m | $m | $m | $m | $m | $m |
|
| Purchase of established dwellings | 1 245 | 1 558 | 1 580 | 1 449 | 1 625 | 2 103 |
| Construction | (a)96 | 135 | 122 | 103 | 105 | 128 |
| Purchase of new dwellings | (a)74 | 93 | 111 | 112 | 118 | 143 |
| Total | 1 415 | 1 787 | 1 813 | 1 664 | 1 848 | 2 374 |
| Refinancing | 225 | 292 | 353 | 353 | 402 | 456 |
| Total excluding refinancing | 1 190 | 1 495 | 1 459 | 1 311 | 1 446 | 1 918 |
|
| (a) Data for February and March 2002 for Construction and Purchase of new dwellings are confidential. The combined value of these two categories for each month are included in the sub-total and total. |
| Housing Finance, Australia, Jun 2007 (cat. no. 5609.0), Time series spreadsheets. |
Personal finance, other than secured housing finance for owner occupation, is finance provided to individuals for their personal, non-business use. Both fixed loans and revolving credit finance are included.
Fixed personal finance commitments rose by $101m (22%) between 2005-06 and 2006-07, to $550m. The amount committed for refinancing was $161m in 2006-07, an increase of $23m (17%) over 2005-06. Refinancing accounted for 29% of all fixed personal finance commitments in 2006-07.
The year-end total credit limits associated with revolving credit facilities rose $192m (5%) to $3,942m in 2006-07. Over the five years 2001-02 to 2006-07, these credit limits increased by $1,605m (69%).
4.14 Personal finance commitments, All lenders - ACT |
|
| | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06 | 2006-07 |
| | $m | $m | $m | $m | $m | $m |
|
| Fixed loan commitments | | | | | | |
| Motor vehicles | 142 | 137 | 136 | 140 | 132 | 144 |
| Household goods | 16 | 22 | 21 | 22 | 18 | 20 |
| Individual residential blocks of land, owner occupied housing (unsecured) | 16 | 45 | 46 | 34 | 38 | 41 |
| Debt consolidation | 35 | 44 | 43 | 53 | 47 | 58 |
| Refinancing | 63 | 106 | 119 | 121 | 138 | 161 |
| Other(a) | 55 | 76 | 88 | 78 | 75 | 126 |
| Total(b) | 327 | 430 | 454 | 448 | 449 | 550 |
| Revolving credit facilities | | | | | | |
| New and increased credit limits | 524 | 590 | 704 | 546 | 648 | 559 |
| Total credit limits (at end of year) | 2 337 | 2 762 | 3 350 | 3 553 | 3 750 | 3 942 |
| Credit used (at end of year) | 1 000 | 1 251 | 1 549 | 1 669 | 1 718 | 1 717 |
|
| (a) Includes boats, caravans and trailers, and travel and holidays. |
| (b) Due to rounding, totals shown in this table may not equal the sum of components. |
| Lending Finance, Australia, Jun 2007 (cat. no. 5671.0), Time series spreadsheets. |
Print Page
Print All